Gc Buying Group LLC
Gc Buying Group LLC is located in Corcoran, MN, and the SBA lists its industry as Wholesale Trade Agents and Brokers. It was approved for an SBA 7(a) loan of $960,000 for a change of ownership on December 17, 2025.
SBA 7(a) loan, change of ownership, approved Dec 17, 2025
- Gross approval
- $960,000
- SBA-guaranteed amount
- $720,000 (75% of the approval)
- Lender
- Byline Bank, Chicago, IL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 17, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,554 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 425120, Wholesale Trade Agents and Brokers
- Project location
- Hennepin County, MN
- SBA district office
- Minnesota District Office
- Congressional district
- MN-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 55% of acquisition loans in Wholesale Trade Agents and Brokers on this site.
- Average acquisition loan in Wholesale Trade Agents and Brokers: $1,322,545.
- Average acquisition loan in Minnesota: $1,482,119.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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